Ten Things You Need to Know Today: Tuesday 20 Dec 2011

1. MPS SLAM 'COSY' HMRC TAX DEAL

A committee of MPs has criticised "unduly cosy" deals between HM Revenue & Customs and large firms over £25bn worth of unpaid tax. The Public Accounts Committee expressed "serious concerns" that while small firms are aggressively chased for tax, HMRC appears to have taken a gentler line with large corporations.

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